What’s Happening in the Breckenridge & Summit County Real Estate Market Right Now? February 2026 Posted on February 24, 2026 - 3:47 pm by Stacy Sanchez Breckenridge and Summit County Real Estate – Market Summary (Quick Read) As of February 2026, the Breckenridge and Summit County real estate market is experiencing a seasonal reset, not a downturn. January transaction counts and volume declined year over year — a typical winter pattern — but underlying indicators show continued buyer participation, strong cash activity, and ongoing demand in higher-value segments, particularly in Breckenridge. Despite national headlines and viral AI-driven “market crash” narratives, local recorded transaction data does not support the idea of a crashing market. Instead, the market reflects normalization, seasonality, and more deliberate decision-making. A More Balanced Market Is Taking Shape January is historically the slowest month of the year for real estate closings in Summit County, and January 2026 followed that pattern. According to Summit County Land Title – January 2026 Market Analysis (based on actual recorded transactions): Total transactions: 82 Total monetary volume: $94.4M Average transaction price (all areas): ~$1.18M Compared to January 2025: Transactions were down ~20% Monetary volume was down ~31% These shifts largely reflect seasonal timing and product mix, not a loss of demand. Many sellers delay listings during peak ski season, and buyers often wait for broader spring inventory. Market Reality CheckJanuary is historically the slowest month for real estate closings in Summit County. Month-to-month declines during winter typically reflect seasonal timing and product mix — not a weakening market. Pricing: Context Matters More Than Headlines January pricing metrics show declines in some categories, but these changes are not uniform across the market and are heavily influenced by which properties closed during the month. Average Price Indicators (YTD 2026 vs. Full Year 2025): Single-Family: –28% Multi-Family: –10% Vacant Land: +34% Median Price Indicators: Single-Family: –30% Multi-Family: –8% Vacant Land: –5% These figures reflect: Fewer ultra-high-end single-family closings in January Continued interest in land A higher share of multi-family transactions early in the year Why Winter Pricing Can Look VolatileIn resort markets, pricing metrics can swing sharply month to month based on which properties close. Fewer luxury single-family sales in winter can temporarily skew averages and medians without indicating a loss of value. Breckenridge Market Callout Within Breckenridge, market behavior continues to differ from Summit County overall. Breckenridge remains: More lifestyle-driven More resilient in walkable and established neighborhoods Less reactive to short-term statistical swings Many Breckenridge buyers plan around family use, seasonality, and long-term ownership, which often delays winter closings but supports stronger spring and summer activity. What January 2026 Really Shows A closer look at residential activity adds important nuance. Residential Market Snapshot – January 2026 (Land Title Data): Residential transactions: 57 Gross residential volume: $67.4M $1M+ properties sold: 26 Cash transactions: 34% Foreclosures: 1 Breakdown by property type: 20 Single-Family 37 Multi-Family 6 Vacant Land Average prices by property type (YTD 2026): Single-Family: ~$1.73M Multi-Family: ~$888K Vacant Land: ~$1.61M This confirms that upper-end transactions are still occurring, even during the slowest month of the year. Buyer Profile & Financing Trends January data also highlights who is buying — and how: 34% Local buyers 37% Front Range buyers 29% Out-of-State buyers 34% of all closings were cash Only 1 foreclosure action (down from 4 in January 2025) This is not a distressed market. Cash participation remains strong, and foreclosure activity is minimal. Addressing the “Market Crash” Narrative Despite national headlines and viral AI-generated videos suggesting a housing crash, local data tells a very different story. Recent industry communications confirm: Breckenridge sales up ~17% year over year All-area sales up ~3.4% year over year Market activity varies month to month — especially in winter — but there is no evidence of systemic decline. Summit County continues to behave like a mature, high-value resort market: cyclical, seasonal, and selective. Important DistinctionNational headlines and AI-generated content often rely on broad or mismatched data. Local, recorded transaction data is the most reliable way to understand what’s actually happening in Summit County. How to Read These Stats (Important Context) Not all real estate data measures the same thing. Land Title data reflects recorded transactions at the County Clerk & Recorder — the most accurate picture of what actually closed. MLS and industry reports may reflect listings, pendings, or broader trend interpretation. Live market tools show current listing behavior, not completed sales. Winter months naturally show lower volume and higher variability, which is why single-month data should never be read in isolation. What This Means for Buyers You may have more time and leverage than in recent years Winter data can create opportunity before spring competition returns Lifestyle fit, not urgency, is driving successful purchases Cash and well-prepared buyers remain well-positioned What This Means for Sellers Pricing and presentation matter more than momentum Spring inventory will bring competition — preparation matters now Well-located Breckenridge properties remain in demand Strategic timing and realistic expectations are key Looking Ahead: Spring 2026 As Summit County moves toward spring: Inventory typically increases April–May Buyer activity rises as second-home planning ramps up Pricing clarity improves as more listings define value Spring is when momentum historically rebuilds — not because of hype, but because choice, clarity, and confidence return to the market. The Bottom Line Early-2026 data points to a market that is: Seasonal, not stalled Selective, not distressed Driven by lifestyle, not fear Breckenridge and Summit County real estate continue to reward local insight, patience, and long-term thinking. This market update reflects the most recent locally published data and reporting available as of February 2026. Sources & Data References Summit County Land Title – January 2026 Market Analysis Summit County Home – January/February 2026 Real Estate Report Summit Daily News – Summit County Real Estate Coverage Colorado Association of REALTORS® – Market Trends Reports Industry Market Guidance & Internal Analysishttps://drive.google.com/file/d/1eOHA4ThhXLKl22G_sdS0-Q0LDXwf16gd/view Have Questions? Want to talk with a real person? Contact us! [***Thanks for reading! And, for full discloseure, this is stacy, Dina’s husband and business partner. And, I did use AI tools to help gather, analyze and compile this information here. I used several prompts and asked for clarification numerous times, but there can and will always be errors when reading, interpreting and analyzing whether it be by humans or robots (aka AI). Please contact us with any discrepencies, clarifications or suggestions for future articles like this.] Notice: JavaScript is required for this content.
Breckenridge Luxury Home for Sale | 186 Golden Age Drive, Highlands Neighborhood Posted on October 16, 2025 - 1:53 pm by Stacy Sanchez Breckenridge Home For Sale | 186 Golden Age Drive Set high above town in Breckenridge’s sought-after Highlands neighborhood, 186 Golden Age Drive offers a rare combination of space, privacy, and refined design Listed at $5,250,000 (MLS #S1062588), this custom home spans approximately 6,516 square feet and rests on nearly two acres surrounded by towering pines, with sweeping views of the Tenmile Range and Lake Dillon. CLICK HERE TO SEE THE MLS LISTING FOR 186 GOLDEN AGE For discerning buyers searching for a Breckenridge luxury home for sale in The Highlands Neighborhood, this property delivers a perfect balance between mountain retreat and architectural sophistication. It’s a blend of a log exterior, with lots of modern touches on the inside to bring it to a Modern Transitional feel throughout the home. The Highlands Setting The Highlands at Breckenridge is one of the Breckenridge area’s premier residential neighborhoods. Set along the northern ridgelines above town, it combines a sense of retreat with unmatched access to recreation and amenities. Homes in this community are known for their large lots, thoughtful architecture, and unobstructed mountain vistas. From 186 Golden Age Drive, the bustle of Main Street Breckenridge is only a few minutes away. Residents can enjoy a morning coffee at a local café downtown, then return to peaceful surroundings within moments. The Breckenridge Golf Club, designed by Jack Nicklaus, is nearby, as are countless hiking and biking trails that weave through forested terrain and open ridgelines. The neighborhood’s elevation captures extended hours of sunlight and panoramic views of the Tenmile Range, while its layout ensures each property maintains a sense of seclusion. This combination of privacy, scenery, and convenience makes the Highlands one of the most desirable enclaves in Summit County. Architecture and Design Originally designed with timeless mountain architecture, 186 Golden Age Drive underwent a comprehensive renovation in 2018. The remodel elevated the home to a contemporary standard while honoring its alpine character. The exterior combines natural stone, timber accents, and clean lines of glass and steel. The result is a home that feels current but rooted in the mountain landscape. The great room serves as the focal point of the residence, with vaulted ceilings, exposed trusses, and floor-to-ceiling windows that frame the mountain landscape. Natural light floods the space throughout the day, and the evening alpenglow washes the room in warm tones. A massive stone fireplace provides both function and balance to the generous scale of the room. Interior Composition CLICK HERE TO SEE THE MLS LISTING FOR 186 GOLDEN AGE The home’s five bedrooms and seven bathrooms are spread across multiple levels, offering both connectivity and privacy. The floor plan accommodates large gatherings yet provides quiet spaces for rest and retreat. The kitchen was designed for serious cooking and entertaining. It features premium appliances, a large center island with seating, and generous storage within custom cabinetry. The flow between the kitchen, dining, and great room supports effortless hosting or family living. The primary suite occupies its own wing, creating a private sanctuary within the home. It includes a spa-inspired bathroom with a soaking tub, walk-in shower, dual vanities, and direct access to a private deck. Guest suites are equally well-appointed, each with ensuite baths and comfortable proportions. The lower level includes a media room and family lounge, along with a hot tub and sauna — perfect for unwinding after a day in the mountains. The home is furnished and turn-key, allowing new owners to begin enjoying it immediately. Connection to the Outdoors Set on nearly two acres, 186 Golden Age Drive takes full advantage of its setting. Expansive decks and patios invite year-round enjoyment—whether for quiet mornings surrounded by forest or evenings watching the sun drop behind the peaks. The property’s orientation ensures privacy without isolation. Mature evergreens screen neighboring homes while framing the dramatic alpine views that define the Breckenridge experience. The site captures both sunrise and sunset light, and its elevation above town enhances the sense of openness and scale. In winter, owners can easily access skiing and snowboarding at one of the many resorts near the home including The Breckenridge Ski Resort, Keystone Resort, Copper Mountain, and Arapahoe Basin. For human powered pursuits, guests can choose between snowshoeing, fat biking and cross-country trails at the nearby Gold Run Nordic Center. In summer, hiking and mountain biking begin at the edge of the neighborhood and have the famous flume trails nearby that connect with even more trails in The Golden Horseshoe. Every season offers a new perspective on the surrounding wilderness. Investment in Legacy Luxury homes in Breckenridge’s Highlands neighborhood are more than residences—they’re enduring investments in both lifestyle and legacy. With limited land availability and architectural standards that protect the integrity of the area, properties of this caliber remain consistently desirable. 186 Golden Age Drive stands as a strong example of long-term value. Its thoughtful renovation, expansive views, and nearly two-acre setting distinguish it from newer construction while offering the confidence of proven craftsmanship and location. Its balance of privacy, proximity to town, and timeless design makes it equally suited for immediate enjoyment and long-term appreciation. In a market where truly exceptional homes are increasingly rare, this property represents both a sound investment and a generational retreat—one that will continue to hold meaning and value well into the future. With every architectural detail and location advantage working in harmony, 186 Golden Age Drive offers a complete picture of enduring value—both as a home and as an asset. The Opportunity Few Highlands homes offer this rare balance of privacy, scale, and timeless design. 186 Golden Age Drive stands out not only for its craftsmanship and setting, but for what it represents—a turnkey opportunity to step into one of Breckenridge’s most established luxury neighborhoods without compromise. For those ready to make Breckenridge part of their long-term lifestyle, this property offers more than square footage or finishes—it offers permanence. The kind of home that defines a mountain legacy and rewards its owners in both experience and value. To explore this exceptional Highlands residence or schedule a private showing, contact Dina Sanchez for more information and availability. CLICK HERE TO SEE THE MLS LISTING FOR 186 GOLDEN AGE Property Details – 186 Golden Age Drive | Refined Mountain Living in Breckenridge’s Highlands Neighborhood Address: 186 Golden Age Drive, Breckenridge CO 80424Neighborhood: Highlands at BreckenridgePrice: $5,250,000MLS #: S1062588Size: Approximately 6,516 sq ftBedrooms: 5Bathrooms: 7Lot Size: Approximately 1.8 acresYear Built / Remodeled: 2018 renovation Discover Highlands Living 186 Golden Age Drive exemplifies what makes Breckenridge’s Highlands neighborhood so desirable: privacy, architectural integrity, and a seamless connection to the outdoors. It’s a home that feels both expansive and grounded, offering its owners a daily reminder of the beauty that defines Summit County. To arrange a private tour or explore other Highlands and Breckenridge luxury homes currently available, contact: Dina Sanchez | Broker AssociateBreckenridge Associates Real Estate(970) 390-2343Search Breckenridge Properties Notice: JavaScript is required for this content.
Build Your Dream Mountain Retreat at 163 Lakeview Dr, Breckenridge CO Posted on October 6, 2025 - 2:22 pm by Stacy Sanchez Build Your Dream Home at 163 Lakeview Dr, Breckenridge, CO Nestled in the scenic beauty of Summit County, 163 Lakeview Dr, Breckenridge, CO 80424 offers an exceptional opportunity to own a piece of mountain paradise in one of Colorado’s most sought-after towns. With 0.85 acres of land, this lot provides the perfect combination of privacy, natural beauty, and convenience. Just minutes away from Breckenridge’s world-class ski resort and vibrant downtown, this is the perfect setting to build your dream home. Exclusive Land Listing near the Breckenridge Ski Resort Property Overview Price: $549,000 Lot Size: 0.85 acres Location: 163 Lakeview Dr, Breckenridge, CO 80424 Listed by: Dina Sanchez dina@breckenridgeassociates.com, Breckenridge Associates R.E. Source: Altitude Realtors,MLS#: S1059697 Click HERE to see it on Zillow This rare piece of land is surrounded by mature trees, offering an excellent opportunity to design a private mountain retreat. Whether you envision a luxury home with expansive views or a cozy getaway nestled among the pines, the possibilities for this land are endless. Prime Location with Incredible Mountain Views Located just minutes from downtown Breckenridge, this property is a hidden gem for those looking to build a luxury mountain retreat. The lot is surrounded by old-growth trees, providing a sense of seclusion while still being within reach of the vibrant Breckenridge community. With views of the majestic Rocky Mountains and close proximity to Breck’s ski resort, this land offers a rare chance to design a home that captures the breathtaking landscape. Whether you’re an outdoor enthusiast or simply seeking a peaceful getaway, this property is ideally positioned to enjoy the best of mountain living. Enjoy all the benefits of living in Breckenridge, including access to top-tier skiing, hiking, and mountain biking, as well as charming local shops, restaurants, and a thriving cultural scene. Your Perfect Canvas for Building a Custom Mountain Home At 0.85 acres, the lot provides ample space to create a custom home tailored to your vision. Imagine designing your dream mountain home, whether it’s a spacious family retreat or a sleek, modern getaway. With so many design possibilities, you can incorporate open spaces, large windows for panoramic views, and outdoor living areas to take full advantage of the mountain backdrop. This property is perfect for those who want to build a home with plenty of privacy but still be within a short drive from downtown Breckenridge and Breckenridge Ski Resort. The land is also conveniently located near golf courses, trailheads, and parks, making it a great location for a variety of activities, from skiing in the winter to hiking and biking during the warmer months. Unmatched Natural Beauty and Outdoor Activities One of the standout features of 163 Lakeview Dr is its natural surroundings. The property is bordered by mature trees, offering a serene, forest-like environment. Whether you’re sipping coffee on your deck in the morning or watching the sun set over the mountains in the evening, the peaceful natural surroundings provide the perfect setting for relaxation. For outdoor lovers, this location is ideal. You’re just minutes away from some of the best hiking trails in Summit County, including popular routes such as Boreas Pass, Quandary Peak, and the Flumes. In the winter, the Breckenridge Ski Resort is only a short drive away, offering easy access to some of the finest skiing and snowboarding in the country. The area also boasts numerous other outdoor activities such as fishing, mountain biking, snowshoeing, and wildlife watching. This lot provides direct access to breath-taking views and outdoor adventures, making it an attractive option for nature lovers. Breckenridge: The Ultimate Mountain Town Lifestyle Living in Breckenridge means becoming part of a community that values nature, adventure, and small-town charm. Known for its vibrant arts scene, historic district, and world-class recreational facilities, Breckenridge attracts outdoor enthusiasts and those seeking a peaceful mountain lifestyle. In addition to skiing and hiking, Breckenridge offers a variety of year-round activities, including the Breckenridge Arts District, Dillon Reservoir, and the Breckenridge Farmers Market. The town also hosts annual events like the Breckenridge International Snow Sculpture Championships, making it a year-round destination. Living at 163 Lakeview Dr allows you to immerse yourself in this vibrant community while enjoying a secluded retreat in nature. Whether you’re looking for a primary residence, a second home, or an investment property, this location offers the perfect blend of convenience and tranquility. Convenient Access to Breckenridge Amenities While this land offers the feeling of being tucked away in the mountains, it remains close to Breckenridge’s main street, just a short drive from Main Street shops, dining, and entertainment. Whether you want to grab a coffee at a local café, enjoy fine dining, or shop at some of the town’s high-end boutiques, Breckenridge has something for everyone. For those who love the convenience of city amenities without sacrificing the peace and quiet of the mountains, 163 Lakeview Dr is an ideal location. Breckenridge’s gondola, which provides quick access to the slopes, is just a short distance away. Additionally, Frisco and Dillon are easily accessible, offering additional dining, shopping, and entertainment options. A Valuable Investment in Breckenridge Real Estate The Breckenridge real estate market has continued to experience steady growth, driven by both local demand and the influx of buyers seeking vacation homes. Investing in a property like 163 Lakeview Dr is not just a chance to build your dream mountain home, but also a smart investment in one of the country’s most desirable mountain towns. As Breckenridge’s popularity continues to rise, properties in prime locations like this one remain in high demand. Whether you plan to build a vacation rental or use the home for personal enjoyment, this land offers the opportunity for long-term property appreciation in a market that shows no signs of slowing down. Contact Dina Sanchez for More Information If you’re interested in learning more about 163 Lakeview Dr, please don’t hesitate to contact Dina Sanchez at Mountain Habitat Real Estate. With her extensive knowledge of Breckenridge’s real estate market and her dedication to helping clients find the perfect property, Dina is here to guide you through the process of purchasing land and building your dream home. You can reach Dina at 970-390-2343 or visit her website at Mountain Habitat Real Estate to learn more about available properties in the Breckenridge area. Notice: JavaScript is required for this content.
Breckenridge Home For Sale: 532 Kimmes Lane Posted on March 22, 2025 - 3:02 pm by Stacy Sanchez Secluded Mountain Retreat: Your Dream Home Awaits at 532 Kimmes Ln, Breckenridge Imagine waking up to the crisp mountain air, the scent of pine filling your senses, and the breathtaking beauty of nature right outside your window. 532 Kimmes Ln in Breckenridge isn’t just a home—it’s a private retreat, a sanctuary, a place where memories are made. Nestled among towering pines on half an acre, this stunning 3-bedroom, 3-bathroom mountain residence offers the perfect balance of luxury, seclusion, and convenience, just 15 minutes from the heart of Breckenridge. A Home Designed for Comfort & Style From the moment you step inside, you’ll feel the warmth and charm of this meticulously crafted home. Built in 2008, this 2,219 sq. ft. sanctuary blends rustic elegance with modern convenience. The open-concept living area is the heart of the home, where a cozy gas fireplace, warm wood finishes, and expansive windows invite in natural light and stunning forest views. Hosting friends and family? With two inviting living spaces and a bonus sleeping area above the garage, this home comfortably sleeps up to 10 guests, making it a perfect vacation getaway or rental investment. Ready to see it for yourself? Schedule a private tour today! Luxury Features & Thoughtful Details Every inch of this home is designed for relaxation and enjoyment: Spacious wraparound deck – The perfect spot to sip your morning coffee or unwind after a day on the slopes Private hot tub – Soak under the stars and let the mountain air melt your stress away Gourmet kitchen – Equipped with a gas cooktop and high-end appliances, perfect for preparing meals with loved ones Radiant in-floor heating – Stay cozy and warm, no matter the season Oversized 2-car garage – Plenty of space for vehicles, gear, and all your mountain adventure essentials A Mountain Community Like No Other – Welcome to Quandary Village Located in the Quandary Village Subdivision, this home offers the ultimate mountain lifestyle with National Forest land bordering the neighborhood. Step outside and you’re immediately surrounded by miles of hiking and biking trails, pristine wilderness, and fresh alpine air. Winter or summer, adventure awaits just outside your door: Winter: Backcountry skiing, snowshoeing, sledding, and easy access to Breckenridge Ski Resort Summer: Endless hiking, mountain biking, and exploring Colorado’s stunning landscapes Fall: Experience the magic of golden aspen trees lining the trails, painting the mountains with color Looking for a peaceful escape from the hustle and bustle of city life? This is it. A Smart Investment with High Rental Potential This isn’t just a home—it’s an opportunity. With its prime location near Breckenridge Resort, spacious layout, and desirable amenities, 532 Kimmes Ln is perfectly suited for short-term rentals (STRs). Why This Home is a Standout Investment: STR-friendly location with year-round rental demand Sleeps up to 10 guests, making it ideal for group getaways Private hot tub – A highly sought-after feature for vacation rentals Multiple living spaces – Providing flexibility and comfort for guests Close to Breckenridge, yet peaceful and private – The best of both worlds If you’ve been searching for a vacation home that pays for itself, this could be your perfect match! Want rental projections? Contact us today for more details. We’ve talked with the owner and have rental revenues and have other companies to get projections from. We also recommend considering a long term rental option if you are open to the idea and will be months between stays. Your Gateway to the Breckenridge Lifestyle Breckenridge is more than a ski town—it’s a way of life. Whether you’re an outdoor enthusiast, an investor, or someone looking for a forever home in the mountains, this is your chance to own a slice of Colorado paradise. Why Buyers Love Breckenridge: Skiing & Snowboarding – World-class slopes at Breckenridge Ski Resort Dining & Shopping – A charming historic downtown with incredible restaurants, boutiques, and après-ski spots Outdoor Adventure – From fly fishing to whitewater rafting, there’s no shortage of things to do Strong Community – A welcoming, vibrant town where neighbors feel like family A Rare Find in the Breckenridge Market – Don’t Wait! Homes like 532 Kimmes Ln are incredibly rare, and with limited inventory, this one won’t last long. At $1,275,000 ($575/sq. ft.), this is an unbeatable value for a secluded, luxury home in one of Colorado’s most sought-after locations. Ready to experience this home in person? Schedule your private showing today! Call, text, or email us now to learn more and make your mountain dream a reality. Contact Us Thanks for reading this far. That means you might have quesetions. If so, please use our contact page to find phone numbers, or just use the contact form below. Notice: JavaScript is required for this content.
Breckenridge Colorado – Condo For Sale: 214 S. Ridge St. #6 Posted on November 7, 2024 - 7:32 pm by Stacy Sanchez Live the Dream, Live in a Condo in Downtown Breck This blog is titled “Breckenridge, Colorado – Condo For Sale: 214 S. Ridge St. #6” and is all about an opportunity to own a property in the coveted downtown area of The Kingdom of Breckenridge. Scroll down for details and lots of pictures! MLS LISTING – CLICK HERE Discover Modern Living in the Heart of Breckenridge – 214 S Ridge St #6 Here’s the property description as it appears on Zillow: “Come see the outstanding transformation of this super located townhouse. One block from Breckenridge Main Street in the historic part of town. All new kitchen, baths, flooring, paint, window coverings, water heater and a classy glass railing. Qualified buyers can benefit from an attractive rate buy down by the seller. Enjoy walking to all Breckenridge has to offer, restaurants, entertainment, gondola, dog park, grocery store, bank and post office without having to find parking. Plus there is a bus stop conveniently located out the front door. Recent new roof with warranty, exterior paint and no special assessments on the radar. Co-Listing agent is the seller.” Want to Live Like a Local? This beautiful condo for sale in the heart of Breckenridge’s historic downtown is co-listed by Dina Sanchez and Mark Campione, both longtime locals and real estate agents. This location is a rare opportunity to walk practically everywhere in Breck, with the convenience of a nearby bus stop for places you’d rather not walk to. Prime Downtown Location with Mountain Charm Imagine living steps from everything Breckenridge has to offer: world-class dining, charming shops, scenic trails, and the bustling culture of this iconic mountain town. At 214 S Ridge St #6, you’ll find a perfect blend of convenience, luxury, and the undeniable charm of historic downtown. This recently transformed townhouse offers a rare opportunity to experience mountain living at its finest, right in the heart of Breckenridge’s historic district. Whether you’re looking for a full-time home, a seasonal retreat, or a rental investment, this property is perfectly poised to offer it all. Key Details: Price: $1,195,000 Square Footage: 1,140 sqft Bedrooms: 3 Bathrooms: 2 HOA Fee: $3,300 annually Parking: Assigned spaces for two vehicles Year Built: 1972, fully updated in recent years MLS LISTING – CLICK HERE Modern Mountain Living Meets Historic Charm This townhouse has seen an incredible makeover that marries contemporary style with mountain character. From the brand-new kitchen, boasting sleek countertops and high-end finishes, to the fully remodeled bathrooms, this home is ready for someone who values both design and function. The newly installed glass railing adds a modern, open feel to the space, enhancing its sophistication while allowing the light to flow freely between rooms. Fresh paint, new flooring, and updated window coverings bring a bright, welcoming atmosphere that’s ready for you to make it your own. With these recent renovations, including a new water heater and roof with a warranty, this townhouse offers worry-free ownership in a highly desirable area. You can truly relax and enjoy the mountain lifestyle without the hassle of major upgrades or repairs down the road. Live the Ultimate Downtown Breckenridge Lifestyle This location is second to none—just one block off Main Street, where you’ll find some of Breckenridge’s most beloved attractions. Imagine starting your mornings with a stroll to your favorite coffee shop as the town comes to life around you. From this address, you’re mere minutes from fine dining, local boutiques, and entertainment, all accessible without the need to drive or hunt for parking. When you’re ready to hit the slopes, the Breckenridge gondola is within walking distance, allowing you to ski or snowboard with unparalleled ease. Enjoy an effortless day on the mountain and return home without a car, cutting down on the time spent in transit so you can maximize your adventure time. For those seeking outdoor activities beyond skiing, this location offers access to year-round recreation. In warmer months, take advantage of nearby hiking and biking trails that wind through scenic alpine forests. Or, simply relax in town and enjoy a meal with views of the Tenmile Range—a true treat for residents who want to experience Breckenridge’s beauty every day. Additional Features & Updates This townhouse is designed for both comfort and style, with updates that make it a true standout in the neighborhood: All-New Kitchen and Baths: Thoughtfully designed with high-quality finishes for a contemporary, luxurious feel. Classy Glass Railing: Adds an elegant, open vibe to the space. New Water Heater: Enjoy hot showers and warm comfort with a new, efficient system. Recently Painted Exterior and New Roof: Ensures peace of mind with no special assessments anticipated. These enhancements mean that new owners can immediately enjoy their investment without any interruptions or worries about necessary repairs. The exterior has been freshly painted, and a recent roof installation comes with a warranty for added protection. MLS LISTING – CLICK HERE A Downtown Location with All the Convenience Breckenridge is known for its vibrant energy, and this townhouse sits right in the middle of it all. From grocery stores and banks to the post office and even the local dog park, everything you need for daily life is nearby, making this home as convenient as it is charming. With public transit options and a bus stop just outside the front door, getting around couldn’t be easier—ideal for anyone looking to leave the car behind and explore the town on foot. The property’s central location also makes it a strong candidate for short-term rentals or as a vacation home with investment potential. Visitors flock to Breckenridge year-round, and properties with this level of convenience and style are in high demand. As Breckenridge continues to grow in popularity as both a tourist destination and a desirable place to live, homes like this one are rare finds. Seller Offering Attractive Rate Buy-Down For qualified buyers, the seller is offering a rate buy-down, creating an opportunity for savings on your mortgage. This financial advantage makes it even more enticing to own a piece of downtown Breckenridge, where real estate continues to be a valuable asset. Experience All the Seasons of Breckenridge from Your New Home Each season brings something special to Breckenridge, and this location lets you savor it all. Picture spending cozy winter evenings just steps away from twinkling holiday lights on Main Street. As summer arrives, watch the town bloom with festivals, art shows, and farmers’ markets—all within easy walking distance. This townhouse is more than just a place to live; it’s a gateway to everything Breckenridge has to offer. Whether you’re drawn to the slopes, the shopping, or the sheer beauty of the Colorado mountains, 214 S Ridge St #6 provides an ideal base for all your adventures. Make 214 S Ridge St #6 Your Own Ready to experience downtown Breckenridge like never before? This townhouse won’t be on the market for long. Contact us to schedule a private showing, and see for yourself how this stunning home can fit into your lifestyle. From its modern updates to its unmatched location, 214 S Ridge St #6 is truly one of a kind. Don’t miss your chance to own a piece of Breckenridge’s vibrant community! MLS LISTING – CLICK HERE Contact Dina Sanchez or Mark Campione for Seller Details MLS LISTING – CLICK HERE Thanks for reading about this Condo For Sale in Breckenridge, 214 S. Ridge St. #6. This unit will be a great place to make memories of a mountain lifestyle that few dare to think about, let alone pull the trigger, make the move and life the dream. We would love to help you find your way home. Contact us on our Contact Page, or using the form below. Notice: JavaScript is required for this content.
Build Your Dream Home: 11 Kimmes Lane – Land for Sale in Breckenridge, CO Posted on October 9, 2024 - 3:59 pm by Stacy Sanchez Land for Sale in Breckenridge, Colorado – 11 Kimmes Lane This piece of heaven lies just south of the downtown Breckenridge historic district, but is technically unincorporated Breckenridge. This lot is listed at $295,000 and is 0.5 acres. You can find the Zillow listing below. 11 Kimmes Ln on Zillow The image above shows the lot with price in red, as seen on Zillow (with North to the top of the image). I went to Google Earth and took quite a few screenshots that will help you understand where this piece of land resides. I also went up to the site and took a few pics, but there isn’t anything there but some super tall tress and the dirt itself. You can see a top down in the picture below, in the same orientation as you would approach the lot from a vehicle, heading south. One of the primary reasons that a buyer would be attracted to this spot is this large empty parcel next to the lot that is owned by the Town of Breckenridge as Open Space and behind that is National Forest. Build Your Dream Home – Land For Sale in Breckenridge This listing is for land only, and you will need to conduct the necessary steps to ensure that proper building protocols and permits are adhered to. I would advise reaching out to both county, state and the local municipality to doublecheck everything. Summit County Building Department Town of Breckenridge The image above is looking to the west after you step onto the lot. The image below shows a bit to the south / southwest. There are wetlands on the lot and that will need to be researched before any permits are issued or building takes place. NorthStar Village Neighborhood This lot is in the Quandary Village Subdivision, also known as Northstar Village. As you enter the neighborhood, two large mountains loom in the distance to the west, Northstar and Quandary Peak. After a short drive south out of town, you’ll start to head up Hoosier Pass. You’ll pass a few curves and then turn to the north to the entrance and after two left turns, you’ll be at the cul de sac where you’ll find 11 Kimmes Ln, Breckenridge CO Land For Sale. You can see the entrance sign above, which is just to the left as you turn rigth and start to drive up towards 11 Kimmes Lane. When I went to take these pics, there was a moose in the willow bushes behind the sign, about 100 feet away. I quickly took my pics and got out of there. If you are unaware, there are several moose in the Breckenridge area and can be unpredictable. Please give them space and use caution when you see one. Please keep dogs on leashes Privacy and Convenience to World Class Amenities The family or person that purchases this lot to build their home on realizes that this special location offers both privacy and convenience. The large mature trees on the lot provide a privacy not found in the downtown area of Breckenridge. Many prefer that “cabin in the woods” over an active and sometimes loud mix of residential and commercial. For those that do, we have a listing at 208 N Ridge St., which offers downtown living in the heart of the historic district. 208 N Ridge St – Zillow Link Once you’re used to the drive, it’s shorter than driving all the way over Hoosier Pass to Alma or Fairplay. And, you’re still close to Breckenridge, which has the famous ski resort, and because of that, the little town of Breckenridge has many nice upgrades and amenties avaiilable to locals and tourists. Look up the recreation center, the ice rink and golf course to see what’s nearby. Breckenridge Ski Resort and Proximity to Colorado Ski Areas It has been called “America’s Favorite Ski Town” and has made numerous top ten lists and is otherwise a very popular ski area. The Breckenridge Ski Resort has five main peaks that stretch into town and offers different levels of skiing and terrain for all types of skiers and snowboarders. You can drive into town, park and then ride the bus or gondola up to the chairlifts. Other nearby options include the Keystone Resort, Arapahoe Basin, Copper Mountain, and just over Vail Pass are Vail and Beaver Creek. These are all world class mountains and ski areas that provide a lifetime of choices and opportunities to explore, ski and have fun. Summit County Real Estate If you’ve made it this far into this blog, that means you’re invested in exploring options and to learn about options in Summit County Real Estate, including 11 Kimmes, land for sale in Breckenridge. If you start to research and find that this lot isn’t the best fit for you or your needs, then please contact us using the Contact Page or the form below to start a conversation about finding your best location to live the lifestyle you want. We usually start with location being the number one variable. Once we have the kind of home you want, meaning you want the cabin in the woods, or a home near water where you can enjoy your paddle board every morning, then we can help you figure that out. We’ve been in the area since the mid 1990s and know almost every nook and cranny in this area. We used to run a floral and even planning company back in the day (pre-Google Maps) so we had to learn how to get around and to find where houses were, meaning we have intimate local knowledge that has taken decades to acquire. We can tell you more that about that chapter at another time. Neighborhood Drive If you come from the south, you’ll drive over Hoosier Pass before dropping down into Summit County proper, and you’ll find the entrance to the Northstar Village shortly after you see all the way to the north by Silverthorne. The images below show the road as you approach the lot, followed by images from the road as you leave the lot and head down towards highway 9 to head south over Hoosier Pass or to the north for the Town of Breckenridge. Contact Dina Sanchez for Information and a Private Showing This lot has views of the Continetal Divide to the east and is a prime location for living the dream life near Breckenridge. You can xc ski, snowshoe, mountain bike or hike right out your front door. Explore Hoosier Pass, or the trails of Breckenridge. Video coming soon, please contact Dina Sanchez, Broker Partner with Breckenridge Associates for a showing, details and other information that will help you get started in making your dreams come to life. 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Spring 2024 – Breckenridge CO Real Estate Blog and Market Update Posted on May 8, 2024 - 6:54 pm by Stacy Sanchez This blog post is titled Spring 2024 – Breckenridge CO Real Estate Blog and Market Update as we will share a few blog articles that have numbers and opinions in them, as well as what we’re staying busy with at the moment. We had snow a few days ago and the first of the spring flowers are already up around town. This is the time of year that a lot of folks call “Mud Season” as the snow begins to melt and the trails and ground begins to thaw and soften up, releasing the frozen moisture that has been trapped in the ice and snow for months. All of this mud gets on our shoes, our cars and it’s as simple as removing shoes before going inside. A good idea is to have a large rug and boot tray to catch drips and melting snow and mud from shoes and boots. The diehard skiers are still able to take a bus up to the base of Peak 8 and ski a good amount of runs while the mountain decides how long to stay open, as there is no set date as of yet. The ski area stays open through May, of course conditions considered and it can shut down any day. But, for now, skiers and riders can wear lighter clothes, enjoy warmer temperatures and push around some soft spring snow. Colorado Home Prices Remain Strong and are Rising According to a Summit Daily News article, the home prices in Breckenridge and Summit County are on the rise, at the least for the first part of the year. How it pans out for the rest of the year remains to be seen. Here are some stats from the article: “Single-family home prices in Summit County are up anywhere from 18% to 38% for the first quarter of 2024, according to various real estate data sets. According to an April report by Land Title Guarantee Company, the average price for a single family home between January and March of this year was $2,459,847 — an 18% increase over 2023. The report looks at actual recorded transactions at the county clerk and recorder’s office. For three years now, the average and median residential price in the county has been over $1 million, with the first quarter of 2024 seeing a “record number of residential closings (54%) over $1 million,” the report states. The Colorado Association of Realtors, a state branch of the national association, records market trends through data on its multiple listing service, which tracks real estate transactions that are conducted with licensed Realtor agents. Its reports show even larger gains. According to the association’s most recent market analysis, the average single-family home price year-to-date was $2,717,442, a 38% increase from the prior year.” Redfin Articles Discuss Colorado Housing Market Real estate search engine and industry leader, Redfin, has writeen a number of articles that discuss the Colorado housing market and are providing more numbers and data for you to analyze, should be interested in the trends and actual numbers. We understand that sometimes houses sell at prices for sheer proximity to the lifts, or command a higher price because of the views, and / or ability to short term rent. If you are new to our blog, we have wrtitten a number of articles that share links to the various towns and municipalities around Summit County and allow users to find the information they need to continue their search for the best property that will fit the needs of their family. if you can’t seem to locate those articles or links, click on blog, and then scroll through the headlines to find the ones that discuss the Short Term Rental (STR) restrictions and regulations. Silverthorne Home Prices Rising In the Colorado Housing Market Overview, it has Silverthorne home prices rising, just behind Golden, for the #2 spot in Colorado. Top 10 Metros in Colorado with the Fastest Growing Sales Price Golden, CO. 55.1% Silverthorne, CO. 36.8% This information comes as there is now news of no major metro areas prices decreasing. Housing Market Update: For the First Time in Nearly 2 Years, There’s No Major American Metro Where Home Prices Are Falling: Inventory is below typical April levels, driving home prices up. Continually rising mortgage rates are further eroding affordability–and this week’s Fed meeting confirmed that mortgage rates are likely to hold steady for the foreseeable future. And, while many thought mortgage rates may fall, they haven’t made the plunge that some buyers were hoping for. There’s a lot at work that goes into that, and this blog does not discuss those macroeconomic facts and variables. There are many sources for that, and this is not one of them. Breckenridge is Almost Out of Land Another variable for the future pricing of homes and land in Breckenridge and Summit include the overall inventory and how it’s running out. This will more than likely increase existing homes prices. Breckenridge and Blue River approach limit on residential development, as outlined by Upper Blue Basin master plan: Summit County is not too far from reaching the limit on new residential development in towns and unincorporated areas in the Upper Blue Basin. Breckenridge is currently at 93% of its residential build out — or essentially the amount of residential units the area can hold, as determined by locals officials — according to town staff. Blue River town staff members say they are at 91% of their residential limit. The estimated residential density for unincorporated parts of the Upper Blue Basin is reevaluated each year, and county staff say they are still finalizing the analysis for 2023. As of Dec. 31, 2022, unincorporated areas of Summit County in the Upper Blue Basin were at approximately 76% of the limit. Contact Us with Questions I know this is a lot of information, but some of our client ask for this data and this is just a sampling of what’s out there. We hope this helps you on your home buying or home selling journey. We are currently helping buyers find the right place and we have a couple of homes for sale in the Summit County area. Please use the form below or visit the CONTACT page for more information,. Notice: JavaScript is required for this content.
Keystone Colorado Log Home For Sale – 95 Aster Ct Posted on April 9, 2024 - 11:31 am by Stacy Sanchez Keystone Ranch Neighborhood Home For Sale 95 Aster Ct – Near the Keystone Ranch Restaurant & Golf Course This Keystone Colorado Log Home For Sale is located at 95 Aster Ct, a short drive to the Keystone Ranch Restaurant and Golf Course. The backyard is national forest is the backyard and the Keystone Resort is also nearby for world class skiing and summer adventures. This home is listed at $3,250,000 and is a four bedroom, five bathroom log home at 4,427 square feet. The logs used throughout the home came from British Columbia and are in great condition. The home has been used by the owners and has been rented through a short term rental program in between stays. Please contact us to learn more about how much rental revenue has been generated over the past few years. Zillow and Matterport LInks for 95 Aster Ct And, if you’re using Zillow to save and share homes, then CLICK HERE to go to the listing on Zillow, which has a lot of the professional photos we had taken, as well as a Matterport tour that allows you to “walk” through the home and see the insde. Matterport Tour for 95 Aster Ct Zillow Link for 95 Aster Ct Video Tour of Keystone Home For Sale We are working on an interior home tour video, so please send a DM or contact us to learn how to get access to that video and other details about this home and property for sale in the Keystone Ranch neighborhood. Keystone Resort A lot of folks know about the Breckenridge Ski Resort, but not everyone wants to live in one of the busiest ski towns in Colorado. In fact, the setting of this home is quite the opposite. You take a drive over Swan Mountain Road from Breckenridge. Be sure to take a stroll at Sapphire Point for amazing views around Summit County, and then head towards the original base area, the stables and the Keystone golf course. From there, you have to drive through some residential streets that hug the golf course until you reach the area where the home is situated. The Keystone Resort is a family friendly ski area that has a few gondola to help spread skiers and snowboarders across three peaks and valleys that offer groomers to cruise and learn on, bump runs and challenging tree runs in The Outback. In the summer months, visitors and locals can explore the mountain on foot, on bike and for those advanced bikers there is a downhill mountain biking course to try out. Living in Keystone, Colorado What’s it like to live in Keystone? Well, you have a handful of restaurants, bars and smaller grocery stores. The bigger ones are just a short drive away in Frisco and Silverthorne, but you can find most of what you need in Keystone, or throughout Summit County. And, like the other towns, if you can’t find what you’re looking for, Denver is a relatively short drive away. But, Keystone would be a paradise of a smaller resort setting with amenities like emergency health services not too far away. A new center was built and is operational in the Dillon area, less than a half hour drive. Log Cabin Lifestyle The home feels like a true getaway with the rustic logs and expansive natural views. This charming rustic log home is everything you would imagine a legacy mountain home should be, complete with warm touches like the river stone fireplace, antler inspired decor and light hunting lodge theme. Leave a Legacy For Your Family This home is one of those special places that can be a lasting part of your family. It can be used by generations throughout the year and with the right planning and strategy, you can rent it out when the family isn’t using it. This will allow some of the expenses of a mountain home to be offset. Ask us about options for short term rental investment opportunities near the Keystone Resort that are more ski in ski out types of properties versus this set back, out of the way location. Some changes are still happening around the county and some neighborhoods have restrictions and some even have waiting lists. And, add to the fact that Keystone is the process of working out the details of becoming its own town and is moving away from Summit County government oversight. The Secret Room This house also has a fun secret room, halfway down the stairs on the left, which can be a playroom or a man cave, depending on the type of usage that works best for the family. It pulls flush against the wall and has a hidden handle to pull it shut. Outdoor Living Spaces This home has a deck outside the great room on the main level, but also has a lower level lounge that is protected by the deck above it, which makes for a private and a spot to hang out while you cool off from being in the hot tub, located a few steps away. Multiple Bedroooms for Families and Large Groups There is a primary bedroom right off the main level’s great room, and an upstairs bedroom as well as two lower level bedrooms. Rental Company Home Description I like how the rental company described the home when advertising to guests, so I’m going to include it here. It is as follows: This warm, cozy, and quiet custom log home on the edge of national forest overlooking Swan Mountain and Baldy Peak is an unbeatable place for a mountain getaway. Just over 4 miles to the Keystone ski lifts and a half-mile to Keystone Golf Course, this is a perfect blend between accessibility and quiet serenity. Giant British Columbia logs hug every room. Radiant in-floor heating and 3 gas fireplaces just add to the elements of warmth. An open concept main living area boasts soaring ceilings, large windows with a walk-out to a large wrap-around deck and Weber Grill. A floor-to-ceiling stone fireplace and stone arch in the kitchen show stones pulled from the nearby Blue River. A flat screen with cable, cozy seating, a large stocked kitchen with commercial style 6-burner gas stove, and beautiful dinning table for 8 make it a space you will never want to leave. Unless of course you are wandering up the log stairs to the entertaining loft and first en-suite…or down to the lower level with another giant entertaining room with a fireplace, flat screen, wet bar, poker table, and two more beautiful en-suites. The main-level master has its own fireplace, private deck access, and an expansive master en-suite with large jetted soaking tub, walk-in shower, walk-in closet, and double sinks. The giant wrap around deck and a new outdoor hot tub face vast open space, Swan Mountain, and Baldy Peak. The summer time offers an endless playground. Sit on one of several patios or decks with your morning coffee. Hike right out the back yard on amazing trails. Head to the stables right within the neighborhood for a Horseback ride against the backdrop of the continental divide. Swim in the neighborhood pool, or head to the in-neighborhood award wining restaurant. Contact Details for a Private Showing Thanks for check out this home and the potential for it to become part of your family’s legacy. We are happy to show it in private, so please use the CONTACT page to send a message and to have any questions answered. Notice: JavaScript is required for this content.
Breckenridge Home For Sale: 208 N Ridge St. Posted on February 3, 2024 - 11:43 am by Stacy Sanchez Walk to the Gondola & Downtown Breckenridge Welcome to 208 N Ridge St., a rare newer construction home in the heart of downtown Breckenridge. Designed in a Modern Victorian style, this 3-bedroom, 3.5-bath residence offers something buyers actively search for—a true walk-to-gondola lifestyle, just minutes from Main Street shops, dining, and year-round events. If you want to ski, explore town, and enjoy Breckenridge without relying on a car, this location delivers. ✅ Walk to the Gondola & Main Street✅ Downtown Historic District✅ Newer construction✅ 3 BD | 3.5 BA | Tandem garage✅ Offered under $4M 👉 Watch the full video tour and see why homes like this are so rare in downtown Breckenridge.👉 Click below to view photos, pricing, and details on Zillow. Zillow Listing >> CLICK HERE to see more pics When you’re ready to schedule a private showing, please CONTACT US and we can figure out the best time to see this and other homes that may work best for you and your family. Under $4M and Walkable to the Gondola — Breckenridge, COWatch this video on YouTube >> CLICK HERE to see more pics and details Still have questions? Send us a message using the form below. Notice: JavaScript is required for this content.
What’s in Store for 2024 and the Breckenridge Real Estate Market Posted on December 20, 2023 - 5:33 pm by Stacy Sanchez What’s in Store for 2024 and the Breckenridge Real Estate Market Everyone wants to know What’s in Store for 2024 and the Breckenridge Real Estate Market, so we’re going to speculate and look at some data and opinions of what may come to be. And, of course, no one has a crystal ball, but we can look at long term trends, and apply what’s happening locally and make some guesstimates from there. Prices Held and There was No Market Crash in 2023 While many thought fears of a recession and ongoing inflation (which is decreasing) would dramatically decrease home prices, that’s not exactly what happened. There were definitely markets that saw some big price reductions, but as we talked about in our previous market opinion, we believe that our Breckenridge and Colorado Real Estate market are a bit insulated from general and national trends which tend to be more representative of urban and high desnity areas. The Breckenridge and Summit County real estate markets are typically second homes and are not a must have for families relocation for work, but are usually a very specific choice for lifestyle choices and personal reasons. Many want that vacation property near a world class ski resort, and that’s what many get when they purchase a home for sale in Breckenridge. 2024 Forecasted Trends from Zillow and Redfin Let’s start with this article from Zillow titled, Zillow’s 2024 Housing Market Predictions, which then has a summary of Zillow predicts more homes for sale, improved affordability in 2024. And, while we normally don’t like to share these big trend type of articles, we know that these articles are what’s being repeated in the major media outlets and what you’ll hear the most about. So, let’s list some of their predictions and what they say might happen next year. n 2024, Zillow economists predict home buyers will have more options and a bit more affordability breathing room — but only a bit — after the inventory crunch and mortgage rates rising to 20-year highs were this year’s headline news items. According to the article, “Buying a home will remain expensive, keeping pressure on the rental market to cater to families that will be renting longer than previous generations typically were. Many of those who do buy will turn to homes that need some work, and do-it-yourself upgrades and repairs will keep new homeowners busy.“ More homes will hit the market as homeowners accept that mortgage rates aren’t falling any time soon Home buying costs will level off, giving hopeful buyers a chance to catch up The new starter home will be a single-family rental More markets will follow New York City’s lead with rental demand surging near downtowns Traditional home buyers will compete with home flippers for homes that need a little TLC Artificial intelligence will enhance the home search experience So, to understand what those bullet points mean, we can quickly go over a few items, but head on over to the article to get specific details on what the author’s thoughts are. but, we’re hearing that federal interest rates are to be dropped a few times next year, which doesn’t direclty translate over to mortgate rates, but overall trends show that there is a correlation and mortgage rates should decrease following the fed rates drop. Prices shouldn’t raise dramatically, so buyers can anticipate and plan for home purchases with more stable pricing across the market. Some families will be renting longer while the perfect home and the perfect mortgatge rate (or, at least an acceptable one) and may be in the rental market longer than previous generations. Artificial intelligence is being used in the real estate market more and more, and in a variety of ways. However, there’s no replacement for a human when it comes to generating personal opinion and details. We can easily identify AI generated content and I would hope that you do too. It will get better as these data sets grow and become more experienced, but we strive to personalize services that are unmatched and that no AI could replicate. In fact, I (Stacy) created the home images in this blog using one of several AI art generation products that exist now. So, a home you fall in love with online, may not be real at all. Redfin Believes 2024 is the Year for Buyers In this article from Redfin titled, Redfin Predicts 2024 Will Be the Year Homebuyers Catch a Break, With Home Prices Falling and New Listings Rising, The article starts off with a summary that states the following: “Listings will rise and prices and rates will fall. But high housing costs will remain a problem for young families, which will increase demand for large rentals and force President Biden to make affordability a cornerstone of his reelection bid. We’re starting to see signs of a shift toward a buyer’s market as pandemic-driven inflation takes its last gasps, mortgage rates come down and more people list their homes for sale. We expect these trends to continue in the new year, ushering in a season of hope for aspiring homebuyers. “ Prediction 1: Home prices will fall 1% Prediction 2: New listings will tick up Prediction 3: Home sales will increase and end the year up 5% Prediction 4: Mortgage rates will steadily decline–but remain above 6% Prediction 5: Change will come to the real estate industry Prediction 6: Renting will lose its stigma Prediction 7: Biden has a housing problem, which could hurt his re-election bid And while those are the quick and dirty big trends that the author is sharing, there’s more. They share that “There’s more in store for 2024: Big price declines in coastal Florida, a wave of boomerang migration, local governments enact policies to improve housing affordability.” Here’s a quick summary of the additional points, and as mentioned before, please click on the articles and read the details if you’re wondering about any further information that may be available regarding these claims. The article even ends with that “Our 2024 predictions are set against a backdrop of economic unpredictability. Our outlook could change due to uncertainty in other areas: financial market volatility, the course of the wars in Europe and the Middle East and the U.S. presidential election.“ Prices will fall a lot in some metros and rise in others People will decide where to live based on in-office policies, climate risk and affordability concerns Local governments will focus on housing affordability More homeowners will use their home as an ATM, pulling out cash to cover credit card debt and home renovations Colorado Association of Realtors Market Trends We can help families and individuals looking for that perfect place in Colorado, and I’ll end with some more specific data for you to explore. This information is provided from the Colorado Association of Realtors and the article is titled, “Buyers and sellers exercising patience as they hibernate through the winter.” A quick summary of the Summit County section includes the following, “In Summit, when comparing November 2023 to November 2022, the average sales price for single-family homes was nearing $2.3 million, which is 5.8% higher. Townhouse-condo property average sales prices were up 3.2% at $846,894. Year-to-date, the numbers are still down 1.8% for single-family homes and up 3% for townhouse-condos. Sellers received about 97.4% of their list price.“ How to Buy a Home for Sale in Breckenridge Ok, if you’ve read this far, then you must be serious about learning about the potential to owning a home in the Breckenridge area. That’s where we come in. Please contact us to discuss these articles, and anything else that might be on your mind when it comes to the Breckenridge real estate market. We are here to help owners sell their home and move on to their next chapter, and we’re always ready to talk all day about how great this area is. Please fill out the form below and let’s get started on dreaming on what could be. Thanks for reading! Notice: JavaScript is required for this content.
Redfin Blog, Market Update and Recent Sales Posted on May 17, 2023 - 9:46 am by Stacy Sanchez Not too long ago, we received an email that led to this blog titled, Redfin Blog, Market Update and Recent Sales. This will allow us to share the article, some news about the local Breckenridge real estate market and to share what folks are moving on. Redfin Design Blog Contributor We received an email from Redfin, asking for tips on simple ways to enhance properties and Dina had a few ideas she sent in, with one making the cut. Their blog, titled 12 Home Renovations That Don’t Add Value (and What to Do Instead) can be found by clicking here or follow the full link: https://www.redfin.com/blog/home-renovations-that-do-not-add-value/ Some of the suggestions are very personal choices, and that’s to be expected, of course. The section Dina contributed to is the following: 2) High-end fixtures Although they may upgrade the look of a home, replacing your current fixtures with expensive, high-end alternatives is a home renovation that doesn’t add value. Installing custom faucets, ceiling fans, or lighting fixtures may sound like an easy way to elevate a room in your home, but these improvements won’t increase your home’s value enough to cover the cost it takes to purchase and install them. Instead: Install fixtures that are affordable and high quality If you want to upgrade the fixtures in your home, consider durable products, high quality, and budget-friendly. This’ll give your home the facelift you’re looking for, without losing money along the way. Real Estate Advisor, and Broker Associate at Mountain Habitat, Dina Sanchez shares her insight, “Updating a kitchen doesn’t mean replacing cabinets, if they’re structurally good, then repainting or refinishing can make a big difference. Simply replacing hardware can create a new look.” 2018 Diploma of Interior Design – Interior Design Institute This was a great opportunity for Dina to share her design perspective, and for our clients, this is a unique and added value that she brings to the table. When Dina was getting started in her real estate career, one of the things she took upon herself was to expand her professional creative offerings. As a former business owner at Creative Flowers Inc | Petal and Bean where she oversaw the production of many events, including an estimate of over 1,000 weddings in the Breckenridge area. Having assisted in a lot of set ups and strikes over the years, it takes a certain eye to be able to look at a room, remember personal favorites for each couple, take into account budget and flower availability and bring it all together. And, all of this happened with perishable product in an alpine environment. General Market Trends from Zillow Blogs and Local Newspaper You can read in the blog from Zillow by clicking here, but it says several things that we’re seeing as well. Overall sales have declined, yet prices are not falling drastically, as some might have thought would happen. These are general trends and you can use a drop down menu to see big picture numbers and graphs for metro markets in the blog. We provide local Colorado real estate market trends a little bit further below. The typical U.S. home value climbed slightly from January to February (0.1%). Home values are 4.4% higher than one year ago but 3.3% lower than their peak last July. Home values climbed 0.1% in February, leaving the typical home value at $328,604, or 3% below the peak value set in July 2022, according to the Zillow Home Value Index. Home values are 4.4% higher than one year earlier – a rapidly decelerating pace of annual growth, down from the nearly record-high 18.8% year-over-year growth measured in April. Use the link below to see the graph with data for Denver, Colorado. It shows price increases for this year, not decreases. Many longtime realtors say that what happens in Denver happens up here as well, so we can speculate that prices will hold or show slight increases in the mountain real estate market. https://public.tableau.com/shared/ZX57BXGK9?:toolbar=n&:tabs=n&:display_count=n&:origin=viz_share_link&:embed=y Another good blog is one titled 4 Misconceptions Buyers and Sellers Have About the Housing Market, and can be found by clicking here or with the full link: https://www.zillow.com/resources/stay-informed/misconceptions-buyers-sellers-housing-market/ Key takeaways from this article include the following: Buyer misconception #1: I should wait until home prices fall to buy a home. Buyer misconception #2: It’s better to buy a house once mortgage rates drop. Seller misconception #1: My home will get multiple offers and sell quickly. Seller misconception #2: I won’t need to cut my listing price. Summit Daily News Reports Sales Slowing and High Prices The article starts off by stating that “February data shows record-high home values even as sales decrease, a trend that has held since last year.” While some continue to wait for a “real estate crash” to bring prices down, that doesn’t seem to be the case in the high country. As Zillow stated, sales have slowed, but prices remain high, while in other areas you will see some prices dropping. Click here to read the article titled “Summit County’s housing market continues to see transactions slow down as prices remain high.” Colorado Real Estate Market Update Here’s some great info from the folks over at Land title Guarantee Company in Breckenridge. Many are under the impression that we were going to have a crash over the winter and held off on some amazing opportunities thinking they were going to drop in price. However, activity has shown that properly priced properties are moving along at list price, while some are seeing decreases. Overall home values are holding and some even predict a slight increase this year. Folks are hesitating on investing in more stock options and are pulling money out to park it into real estate, which appears to be a safer bet than the volatile stock market. We suggest talking with many sources such as financial advisors, mortgage brokers and others before making any final decisions on where your investments should lie. We are not claiming to be the best options for everybody, but Colorado real estate tends to be a good choice for many families. market-report-breckenridge-co-80424-1Download Recent Sales Over the first part of the year, we have seen activity that savvy buyers have capitalized on. Angler Mountain – Single Family Home located in Silverthorne, Colorado. This property was the perfect location for a family looking for a second home in the Rocky Mountains. Pine Ridge – A couple wanting to live the dream and have a mountain home that can be rented was found with Dina’s help. This unit is allowed to rent as an STR, Short Term Rental, as it’s located in the resort zone and is designed for guests of the town and ski resort with the Four o’clock Ski Run not far away. And, the town bus route is right out on the street as well. Crystal Peak Lodge – this unit is a ski in, ski out slopeside property at the base of Peak 7 at the Breckenridge Ski Resort. It’s in the resort zone, meaning no Short Term Rental (STR) restriction. This unit will do great for obtaining maximum ROI over time and will retain a high value, as the rental license will always be available for the next buyer when this new owner decides to sell. Gold Camp – a local worker purchased a deed-restricted unit in Breckenridge, meaning it was offered at an attractive price designed for a local who works 30+ hours in Summit County. This unit cannot be used as an STR as the owner must live in the property full time. Cameron Lane – a family purchased a raw piece of land south of Breckenridge, with hopes to build one day. Now, the owner is in the planning phases of this project. Having done a remodel. and new extension ourselves, we know every step that is needed and can assist with vendor recommendations and more. Buffalo Ridge – a local Denver family who loves spending time in the mountains chose a Silverthorne location for their second home. This unit allows for quick access to I-70, making travel to and from Summit County and Vail, where the family likes to visit, much easier than having to go back and forth. Contact Dina Sanchez with Questions We recommend reaching out via the form below, or use the contact page to connect with Dina to ask questions about her design suggestions, when the right time to buy or sell is, and more. She’s a great resource and I’m around to assist. This is Stacy, her husband, and I put together this blog. We look forward to talking with you! Notice: JavaScript is required for this content.
Breckenridge Real Estate Blog – Market Opinion and STR Updates: Winter 2023 Posted on February 27, 2023 - 11:59 am by Stacy Sanchez Breckenridge Real Estate Blog – Market Opinion Winter 2023 We’re going to call this one Breckenridge Real Estate Blog – Market Opinion and STR Updates: Winter 2023 as we discuss what we hear and what we’re actually seeing so far. The author of this blog is Stacy, Dina’s husband, and I’m more of the web and media guy, so I try to summarize what the overall conversations are like that Dina is immersed in. But, read on to see how you can see more of Dina on the socials. Dina’s New Instagram Profile Dina is now more active on Instagram and is off to a great start of sharing tips and other relevant information. You can find those videos and more on her Instagram account that you can find by clicking here. I come from a property management background and jump in as back up to Dina and the Mountain Habitat effort in a number of ways. One of them is by making sure our blog has valuable information and links that are easy to find later on. Click on the blog link in the menu and scroll through the articles we think are worthy of a look. Skip it all by contacting us via your preferred method. Click here for our CONTACT page. Is the Breckenridge Real Estate Market Crashing? I’ll start off with what everyone wants to know, and that’s if the market is crashing. The simple answer is no, it’s not. But, there are some changes. Look at the stats below, provided by the Summit Association of Realtors. Take a look at that, read through the blog below to see STR updates and other market opinion comments. Once you have questions about anything you’ve read, please reach out so we can do our best to explain our point of view. “The soaring heights of our market in January 2022 make the 34% drop in the average single- family home price one year later seem dramatic. In Summit County, an average priced home at $1.85 million is down about $238,000 from last month. Prices dropped throughout the first half of 2022, but actually started to rise a bit after August of last year. These are signs of a market settling down,” said CAR Spokesperson Dana Cottrell. Get the full story here: http://ow.ly/yYbb50MW3Fj Here’s one more graphic that shows an upward trend over time with home prices. Federal Rates and Mortgage Rates One of the things we’ve learned is how the media can affect your perception of what’s happening. The media mentions rising federal interest rates. And, for those not aware, that doesn’t directly mean that real estate mortgage interest rates are rising, although it can have an indirect, sometimes delayed relationship. Inflation and Recession Fears One way the powers that be work is that rhetoric helps fuel fear of a recession and the rising costs of living and practically everything we buy. So, let’s say that in turn, the mortgage interest rates increase, and that can affect buyers, causing them to wait for better, lower we will say, rates to come back. That puts a pause in the market, but that’s only for the buyers that need a loan. Cash buyers are still out there and are very active while there’s less competition. Market Stabilization The word on the street is that this is more of a market normalizing and that’s actually a good thing, as the way the market was operating was not sustainable. Buyers have more options with more inventory and sellers are possibly having to consider lower and / or any offers that come in. Homes Priced Well are Selling There are bidding wars still happening and we’re seeing that competitively priced homes aren’t sitting very long. Homes that have great views, are maintained well or are new are not seeing major price reductions at this time. Older Inventory There are properties out there that seem to be priced a bit too high, as they are on the market longer, and may not have any offers coming in. The market speaks and if you don’t have any action that means something needs to happen to spur movement. Some sellers appear to be ok holding at their price, perhaps as the investors have time and aren’t pressured to sell for any offer that is presented. Buying Strategies Coming in at close to listing price is always a good buying strategy as those coming in too low aren’t being considered and are dismissed. I won’t spill all the beans on how Dina talks with clients as that’s private and each deal is different anyway. What works for someone else may not work for you. Contact Dina Sanchez, Breckenridge Real Estate Advisor to start a conversation about creating a possible successful home purchase. Is Now a Good Time to Sell? With fears of a recession and possible future layoffs, increased costs of living and other rising inflation related costs, that could mean fewer qualified buyers and buyers may be less motivated to make a move next year. If you’re ready to move on and unload that home or property, then talk to us and we can work out a plan that will create your next life opportunity. Short Term Rental (STR) Updates for Summit County: This is from the Summit Daily News, the local newspaper for the Summit County area. This article in particular discusses the restrictions and regulations for the unincorporated areas of Summit County. You can find offical links to all the municipalities on our blog, see below. Previous related blogs, newest to oldest: Will the Breckenridge Real Estate Market Crash? How to Search for a Breckenridge Short Term Rental Investment Property 7 Reasons Why Now is the The Time To Buy Short Term Rentals in Breckenridge How to Buy a Property in Breckenridge, Colorado Short Term Rental Property Management in Breckenridge Breckenridge, Colorado Real Estate Market Opinion – Winter 2021 Breckenridge Real Estate Investment Analysis for 2020 The information below originally appeared in a social media post, which can be found by clicking here. Summit County passed new short-term rental regulations yesterday. Here’s a snippet of what you need to know: There are license caps for various areas of Summit County, and those range from 5% to 18% for the county’s various basins. Note: This only applies to unincorporated areas of the county and does not apply to Keystone or Copper Mountain. There is a cap on the number of individual bookings a short-term rental owner can have per year, and that is 35. There are occupancy limits for short-term rentals in neighborhood areas. Read our story for the full lowdown on the new regulations: https://www.summitdaily.com/news/summit-county-commissioners-approve-package-of-short-term-rental-regulations-despite-complaints-ending-a-monthslong-initiative/ Check back to see a blog dedicated to Dina’s recommendations on a Redfin Blog titled 12 Home Renovations That Don’t Add Value (and What to Do Instead), which you can find by clicking here.